Barclays Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Key Points

• Barclays has raised its target price for Amazon.com from $240 to $275, indicating a potential upside of 17.47% from its previous close.
• A total of 45 analysts have rated Amazon's stock as a buy, with an average price target of $258.46, while three analysts have a hold rating.
• Amazon reported earnings of $1.68 per share for the last quarter, surpassing expectations and showing a year-over-year revenue increase of 13.3% to $167.70 billion.

Amazon.com (NASDAQ:AMZN) had its price objective boosted by Barclays from $240.00 to $275.00 in a report released on Friday morning, Marketbeat reports. The brokerage currently has an overweight rating on the e-commerce giant's stock.

AMZN has been the subject of a number of other research reports. Oppenheimer boosted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Citizens Jmp started coverage on Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Wells Fargo & Company increased their price objective on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday. JMP Securities boosted their target price on Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 10th. Finally, Truist Financial increased their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $260.85.

Amazon.com Stock Down 8.3%

AMZN traded down $19.36 on Friday, hitting $214.75. 122,007,379 shares of the company were exchanged, compared to its average volume of 37,811,656. The firm has a 50-day moving average price of $218.20 and a two-hundred day moving average price of $209.11. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities analysts predict that Amazon.com will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 25,099,537 shares of company stock worth $5,674,394,548 in the last ninety days. Insiders own 9.70% of the company's stock.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently bought and sold shares of AMZN. Barlow Wealth Partners Inc. grew its holdings in shares of Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock worth $2,763,000 after buying an additional 44 shares in the last quarter. Northern Capital Management Inc. grew its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the period. Ridgecrest Wealth Partners LLC raised its holdings in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. lifted its stake in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock worth $2,667,000 after purchasing an additional 45 shares during the period. Finally, Balanced Wealth Group LLC boosted its holdings in shares of Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.